OVERVIEW

Bitcoin Trips While Ethereum And Alts Run Laps

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

*If you’re a business and want to access this data via our API, email us.

News In Three Sentences
Bitcoin, Ethereum, And Solana News 🪙

💸 MicroStrategy Snags $1.01 Billion to Stack More Bitcoin

MicroStrategy just pulled in $1.01 billion through convertible notes, planning to wipe out $500 million in debt and throw the rest into—you guessed it—more Bitcoin. Basically, they’re going all-in on BTC again, unlocking 69,080 Bitcoin they had locked up as collateral. CoinPedia.

💰 Ethereum Foundation Dumps ETH Amid Market Surge

The Ethereum Foundation has offloaded 650 ETH over the past few weeks, cashing out $1.51 million while the market was rallying. Despite this, Ethereum’s price is up 11%, riding the coattails of Bitcoin’s boost after the Fed’s dovish remarks. Vitalik Buterin also quietly sold 1,300 ETH. X.

💼 Bitcoin Miner Wallets Wake Up After 15 Years

Five ancient Bitcoin wallets from 2009 just woke up, moving 250 BTC worth $15 million after being dormant for 15 years. The sudden activity has everyone speculating: Satoshi Nakamoto, is that you? CryptoSlate.

STOCKTWITS “CHART ART”
Micron May Have Bottomed Before Earnings 🤔

With semiconductor stocks perking back up over the last two weeks, Micron has failed to attract the same level of interest…at least until now. 🧐 

Stocktwits user @TheProphetOfProfit pointed out that the stock has begun to stabilize above trendline support and its YTD lows, with momentum diverging positively.

Given the market has turned into positive territory and investors are taking shots at beaten-down stocks, Micron looks potentially ripe to rip. However, it does report earnings on Wednesday after the bell, so some volatility is anticipated. 🤷

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